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Medtronic plc Q4 adjusted earnings Beat Estimates

Medtronic plc (MDT) revealed earnings for fourth quarter that decreased from last year.

The company's profit came in at $1.17 billion, or $0.87 per share. This compares with $1.46 billion, or $1.07 per share, in last year's fourth quarter.

Excluding items, Medtronic plc reported adjusted earnings of $2.08 billion or $1.54 per share for the period.

Analysts had expected the company to earn $1.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.1% to $8.15 billion from $8.14 billion last year.

Medtronic plc earnings at a glance:

-Earnings (Q4): $2.08 Bln. vs. $1.94 Bln. last year.
-EPS (Q4): $1.54 vs. $1.42 last year.
-Analysts Estimate: $1.47
-Revenue (Q4): $8.15 Bln vs. $8.14 Bln last year.

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